She continued: “We may even see the introduction of banking with Google too.”

Any updates would come after a great Christmas for the online retail community. According to channelbiz.co.uk, visits to online sites were up by 86 per cent on 2011 figures, with the number of online payment transactions greatly exceeding that of last year.

Cheesley also predicted that the process would work in reverse too – with high street stores becoming more digital. Retailers such as Marks & Spencer have already introduced things such as iPads into shops to benefit assistants and customers with the shopping experience, according to thegrocer.co.uk.

It is also thought that ‘Scan and shop’ systems will be introduced to high street retailers too.